Would anyone have information or can cite a source for maximum late fees in Alabama for both consumer and commercial loans? The bank wants to raise it's late fees but my understanding is that the maximum is $100 on consumer loans but I am not sure about commercial. The bank is considering $1,000 on commercial but I can't find this. Appreciate any assistance.

For consumers look at 5-19-4 (the greater of 5% of the amount in default or $10, not to exceed $100, if late 10 days). This does not apply to real estate secured transactions. To my knowledge there are no limitations on late fees for commercial loans. I do not know if there are other specific limitations on retail installment sales or other types of special lending.